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November 22, 2021updated 28 Apr 2022 5:44am

Gavea Conventional Gas Field, Brazil

By Carmen

Gavea is a conventional gas development located in ultra-deepwater in Brazil and is operated by Equinor Brasil Energia. Gavea lies in block C-M-539, with water depth of around 9,515 feet.

The project is currently in approval stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2023. The Gavea conventional gas development will involve the drilling of approximately two wells.

Field participation details

The field is owned by China Petrochemical, Repsol, Petroleo Brasileiro and Equinor.


Production from Gavea

Production from the Gavea conventional gas development project is expected to begin in 2027 and is forecast to peak in 2030, to approximately 37 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2043.


Remaining recoverable reserves

The field is expected to recover 22.28 Mmboe, comprised of 133.66 bcf of natural gas reserves.


Contractors involved in the Gavea conventional gas field

The key contractors involved in the Gavea project as follows.

Other Contractors: IKM Gruppen

About Equinor Brasil Energia

Equinor Brasil Energia Ltda is a energy firm. The company owns and runs plants that produce petroleum, natural gas, and solar energy. It is headquartered in Brazil.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

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